MGX 1.59% 31.0¢ mount gibson iron limited

Ann: Quarterly Activities Report, page-21

  1. 691 Posts.
    lightbulb Created with Sketch. 250
    cash is already rising
    three things could happen they could be with enough cash to make it viable for a takeover
    they could acquire another company which must achieve a hurdle rate of 20% ROI - i can't see this happening now
    Or wind up the company after 6 years with Shine and Koolan in total 30 mega tonne combined ore sales and return retained cash to shareholders.
    If I missed anything let me know.
 
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